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ForexMart -

Score

1.59 /10
Danger

ForexMart

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

https://www.forexmart.com/

Benchmark

D

Influence

C

Add brokers

Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.60

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2023-01-01
INVESTOR ALERT LIST
ForexMart

Broker Information

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Company Name

Tradomart SV Ltd

Company Abbreviation

ForexMart

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

WhatsApp

  • 441303767210

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 7
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

ForexMart · Benchmark
Average transaction speed(ms)
370.1 Great
The highest transaction speed(ms)
265
The highest speed of opening positions(ms)
250
The highest speed of closing position(ms)
344
The lowest speed of opening positions(ms)
1514 Good
The lowest speed of closing position(ms)
453 Great
Ranking： 116 / 125
Test user 192
Transactions 2,377
Ocuppied margin $554,103 USD
Data Source WikiFX Data provide
Updated: 2025-04-29 01:04:00

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

ForexMart

The slippage becomes 23 from 15.

FX2566123048
2021-03-26 21:08
Scam

The platform arbitrarily deducts all profits and charges exorbitant fees

Everyone be careful with ForexMart. This platform charges sky high. It must be said that it is exorbitant. It's okay to trade with a loss, but when you have a small profit and withdraw, they take it and that clause to arbitrarily deduct all profits. Withdrawal takes a long time.

FX3699186947
2022-03-22 09:47
Unable to Withdraw

Expose ForexMart that does not withdraw

The withdrawal applied for on March 10 has not yet been received, and the transaction account has been debited. Their official website says that the account will be processed within 24 hours. I contacted customer service and they kept telling me to wait while processing. It's been over ten days and it hasn't arrived.

AnzoQIAODAILI+Anzotrade
2022-03-22 12:08
Unable to Withdraw

ForexMarket deos not withdraw for customer service

The withdrawal that I applied for has not arrived for a long time. I ask the customer service and they say that it is under processing. On March 25th, it was said that the BCH could not be paid due to technical reasons. The application for withdrawal was rejected. The funds were returned to the MT4 account, and I was asked to withdraw with BTC. 3% handling fee (the fee displayed on their official website for BTC withdrawal is 0.0002 bitcoin + 2 USD handling fee) I recognize this, and I have deducted 3% of the withdrawal fee. It’s useless and I’ve been dragging and perfunctory customers. I can only expose it here. I opened an account and made a transaction when you saw that the information on this platform is regulated. I hope your Wiki platform can help customers to withdraw money, thank you. .

AnzoQIAODAILI+Anzotrade
2022-03-28 11:30
Data Source WikiFX Data provide
Updated: 2025-04-30
ForexMart · Company summary
ForexMartReview Summary
Founded2007
Registered Country/RegionSaint Vincent and the Grenadines
RegulationOffshore Regulated
Market InstrumentsForex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on Shares
Demo Account✅
LeverageUp to 1:300
SpreadFrom 0.0 (EUR/USD)
Trading PlatformOnline Forex Trading Platform
Min Deposit$15
Customer SupportPhone: + 442 030 976 697
Email: support@forexmart.com
Social Media: Facebook, Twitter

ForexMart Information

ForexMart is a broker incorporated in Saint Vincent and the Grenadines in 2007. The trading instruments it provides are mainly Forex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on Shares. In addition, there are 4 account types to choose from. However, the current regulatory status of the brokerage is relatively poor, holding 3 licenses: FCA revoked the license, CYSEC determined the regulatory status as suspected cloning, and FSC determined it was subject to offshore regulation.

ForexMart Information

Pros and Cons

ProsCons
The number of tradable instruments is largeThe regulatory status is poor
4 kinds of accountsMT4/5 is not supported
Can be traded without commission

Is ForexMart Legit?

Regulated Country/Region
FCA
FSC
CYSEC
Regulated AuthorityFCAFSCCYSEC
Regulated EntityINSTANT TRADING EU LTDInstant Trading Ltd,Instant Trading EU Ltd
License TypeEuropean Authorized Representative (EEA)Retail Forex LicenseMarket Making(MM)
License Number728735SIBA/L/14/1082266/15
Current StatusRevokedOffshore RegulatedSuspicious Clone
Is ForexMart Legit?
Is ForexMart Legit?
Is ForexMart Legit?

What Can I Trade on ForexMart?

ForexMart offers 60+ forex pairs, 200+ CFDs on shares, 4 spot metals, 19 cryptocurrencies, 3 energies, 13 indices.

Tradable InstrumentsSupported
Forex✔
Spot Metals✔
Indices✔
Cryptocurrencies✔
Energies✔
CFDs on Shares✔
Bonds❌
ETF❌
What Can I Trade on ForexMart?

Account Types

The 4 types of ForexMart accounts are Classic, Pro, Cents, Zero and Spread. Their minimum deposit ranges from $15 to $500. Among them, the maximum leverage is 1:300.

Account TypesClassicProCentsZero Spread
Min Spread (pips)10.610
Average Spread (pips)1.20.81.20.2
CommissionsNo commissionsNo commissionsNo commissionsFrom $6
Min Deposit$15$200$15$500
Min Lot Size0.010.010.1 (cent lots)0.01
Order ExecutionMarketMarketMarketMarket
Max Leverage1:30001:30001:30001:200
Margin Call30%30%30%30%
Stop Out Level10%10%10%10%
Max Open Trades500500500500
Account Types

ForexMart Fees

The minimum spread for the four accounts ranged from 0 pips to 1 pips, and the average spread ranged from 0.2 pips to 1.2 pips. In addition, only Zero Account receives commission from $6, and the remaining accounts have no commission.

The spread of EUR/USD in the forex pair is found to be the lowest 0.0 after comparing four kinds of accounts.

SymbolForexMart Classic/Cent *SpreadForexMart Pro *SpreadZero Spread *Spread
EURUSD.fx1.30.70
GBPUSD.fx1.40.80.1
USDJPY.fx1.40.80.1
USDCHF.fx1.81.20.5
USDCAD.fx1.610.3
AUDUSD.fx1.30.70
NZDUSD.fx1.50.90.2
............
ForexMart Fees

CFDs on Shares basically have a spread between 0.03 and 1.0 and charge a commission of 0.10%.

TitleSymbolFixed SpreadCommission
AA Alcoa, Inc.#AA0.030.10%
AAL ANGLO AMERICAN PLC#AAL10.10%
AAL American Airlines Group Inc.#AAL10.10%
AAPL Apple Inc.#AAPL0.1520.10%
AIG American International Group, Inc.#AIG0.030.10%
AMZN Amazon.com Inc.#AMZN0.120.10%
AXP American Express#AXP0.030.10%
............
ForexMart Fees

Spot Metals maintains a spread between 34 and 57 with no fees.

TitleSymbolLotForexMart Classic/Cent Average spreadForexMart Classic/Cent FeeForexMart Pro Average spreadForexMart Pro FeeForexMart Zero Spread Average spreadForexMart Zero Spread Fee
Gold vs US Dollar (100 oz)GOLD.m100 ounces340290340
Silver vs US Dollar (500 oz)SILVER.m500 ounces570520560
Gold vs US Dollar (500 oz)XAUUSD.m500 ounces340290340
XPD vs US Dollar (100 oz)XPDUSD.m100 ounces380380380
ForexMart Fees

Cryptocurrency spreads remain between 50 and 29,761, with a 0.10% fee.

TitleSymbolSpreadFee
BCHUSDBCHUSD3350.10%
#Bitcoin#Bitcoin191670.10%
#Ethereum#Ethereum13260.10%
#Litecoin#Litecoin1700.10%
#Ripple#Ripple500.10%
UniswapUniswap2580.10%
ChainlinkChainlink297610.10%
FilecoinFilecoin7600.10%
............
ForexMart Fees

The energy spread is between 24 and 63.

TitleSymbolGroupForexMart Classic Average SpreadForexMart Pro Average SpreadForexMart Cent Average Spread
Natural GasNG.zEnergy342434
Crude OilCL.zEnergy634663
Brent Crude OilBRENT.zEnergy453545
ForexMart Fees

Index spreads range from 60 to 1850 with no fees.

TitleIndexForexMart Classic Average spreadForexMart Classic FeeForexMart Pro Average spreadForexMart Pro FeeForexMart Cent Average spreadForexMart Cent Fee
Standard & Poor's 500 IndexSPX50011006001100
Deutsche Boerse AG German Stock IndexDAX40170017001700
Financial Times Stock Exchange 100 IndexUK100200015002000
Japan 225 IndexJP225185001800018500
The Dow Jones Industrial AverageDJ30400027304000
Nasdaq 100 IndexNASDAQ100180013001800
........................
ForexMart Fees

Trading Platform

ForexMart provides an online forex trading platform for traders to use.

Trading PlatformSupportedAvailable DevicesSuitable for
Online Forex Trading Platform✔DesktopAll traders
MT4❌
MT5❌
Trading Platform

Deposit and Withdrawal

There are 8 deposit methods at ForexMart: Skrill, NETELLER, PayCo, Fasapay, Bitcoin, Bitcoin Cash, Tether, and Local Bank. Most methods take less than 24 hours to process.

The same 8 withdrawal methods, but will charge a certain fee.

MethodFeesProcessing Time
SkrillNo fees24 hours
NETELLERNo fees24 hours
PayCo-Instant
Fasapay-Instant
Bitcoin-24 hours
Bitcoin Cash-24 hours
Tether-24 hours
Local Bank-24 hours
MethodFeesProcessing Time
SkrillSystem fee: 1%1-7 working days
NETELLERTransaction fee - 2%, min fee: 1.00 USD, max fee: 30.00 USD1-7 working days
PayCo-48 hours
Fasapay-48 hours
BitcoinTransaction fee - fixed fee 0.0002 BTC + fixed fee 2 USD48 hours
Bitcoin CashTransaction fee - fixed fee 0.001 BCH + fixed fee 2 USD48 hours
TetherTransaction fee - 1%48 hours
Local BankTransaction fee - 3%24 hours
Deposit and Withdrawal
Deposit and Withdrawal

News

NewsReview about ForexMart! Find out it’s a good choice or not ?

ForexMart is a global forex broker that offers various trading instruments and account types. It was founded in 2015 and is registered in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CYSEC). The company provides access to forex currencies, futures contracts for stocks, precious metals, and other trading instruments.

WikiFX
2023-09-26 15:18
Review about ForexMart! Find out it’s a good choice or not ?

NewsAlarming Signals from Wall Street: How the Fed's Decision Tanked Stocks and Boosted Bond Growth?

The recent occurrences on Wall Street have sparked significant concerns among investors. On the eventful Thursday, the market underwent an intense rollercoaster ride as investors promptly divested their stocks.

WikiFX
2023-09-25 12:14
Alarming Signals from Wall Street: How the Fed's Decision Tanked Stocks and Boosted Bond Growth?

NewsUSD/JPY to face explosive volatility as BOJ intervention looms

Yesterday, the Federal Reserve sparked bullish momentum for the dollar, driving the USD/JPY pair to reach a fresh 10-month peak at 148.47.

WikiFX
2023-09-22 14:01
USD/JPY to face explosive volatility as BOJ intervention looms

NewsECB keeps intrigue on monetary policy

Members from the European Central Bank have issued a cautionary statement to investors. Those anticipating that the bank won't increase the interest rate the following week should be aware that this matter isn't settled yet, and there's still the possibility that the rate may raise.

WikiFX
2023-09-08 18:04
ECB keeps intrigue on monetary policy

NewsOil prices rise amid news of production cuts

Based on the trading data from Thursday, there's an upward trend in global oil prices. Brent oil is currently priced at $84.55 per barrel, while North American WTI oil is hovering around $80.90 per barrel. The oil price hike can be attributed to several factors.

WikiFX
2023-08-04 16:54
Oil prices rise amid news of production cuts

NewsIs Gold heading to $2,000?

Gold is experiencing a slight decline after a vigorous rise yesterday and is consolidating near $1,955.

WikiFX
2023-07-17 15:37
Is Gold heading to $2,000?

NewsThe dollar index dropped below 100 points for the first time since April 2022

The dollar index on Wednesday dropped below 100 points for the first time since April 2022.

WikiFX
2023-07-17 14:12
The dollar index dropped below 100 points for the first time since April 2022

NewsChina plans to introduce a large stimulus package for the economy

The Chinese government is presently exploring the possibility of implementing a significant stimulus initiative aimed at bolstering the nation's economy.

WikiFX
2023-06-15 10:35
China plans to introduce a large stimulus package for the economy
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User Reviews

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User comment

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Comments

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Claire18709
more than one year
Acabo de depositar algunos fondos y no he abierto ninguna posición, y justo en ese momento vi que en wikifx muchos usuarios aquí declaran que se trata de una plataforma de fraude! Entonces decidí retirar mis fondos, pero la gente de forexmart declaró que, porque no he realizado ninguna transaccion, ellos me cobran una tarifa de no operar para mis retiros... sé que algunos brokers la exigen, pero realmente NO ME GUSTA esta tal tarifa.
Acabo de depositar algunos fondos y no he abierto ninguna posición, y justo en ese momento vi que en wikifx muchos usuarios aquí declaran que se trata de una plataforma de fraude! Entonces decidí retirar mis fondos, pero la gente de forexmart declaró que, porque no he realizado ninguna transaccion, ellos me cobran una tarifa de no operar para mis retiros... sé que algunos brokers la exigen, pero realmente NO ME GUSTA esta tal tarifa.
Translate to English
2022-11-18 10:07
1
1
0
Capricorn
more than one year
This platform is just terrible, insanely high trading fees, just like a robber! If you had a loss, it was ok, but when you made a profit and wanted to take your money out, this devil platform would deduct all your profits. Lastly, it takes millions of years to withdraw your money. 👎 👎👎
This platform is just terrible, insanely high trading fees, just like a robber! If you had a loss, it was ok, but when you made a profit and wanted to take your money out, this devil platform would deduct all your profits. Lastly, it takes millions of years to withdraw your money. 👎 👎👎
Translate to English
2022-11-22 13:57
1
1
0
7